Sierra Metals Inc. announced today the resignation of Mr. Luis Marchese as the Chief Executive Officer and a Director of the Company, and the appointment, effective immediately, of Mr. Ernesto Balarezo Valdez as Interim Chief Executive Officer to lead the Company during its current strategic review process.
Silver Viper Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $2,000,000 from the sale of up to 10,000,000 units at a price of $0.20 per Unit, each Unit consisting of one common share of the Company and one-half of one warrant.
“The dramatic increase in production from Q2 to Q3 of this year reflects the welcomed addition of the San Ignacio Mine and the Topia Mine into our growing production portfolio,” said James Anderson, Chairman and CEO of Guanajuato Silver.
Tony Makuch, Interim CEO, states: “We recently wrapped up our Phase 2 drill program with results exceeding expectations. Of note, mineralized intercepts at depth and to the northeast highlight the potential to expand the size of the open pit in our upcoming PFS.”
“Since day one, the Vizsla team has believed that the Panuco-Copala district would become a major, well-endowed precious metals camp,” commented Michael Konnert, President and CEO. “Over the last couple of years, in addition to announcing our large maiden resource, Vizsla has worked to consolidate our land position and has continued to acquire both small inlier and outlier concessions in the area.”
J.D. Poliquin, Chairman of Azucar Minerals stated, “These two holes were the first to be drilled into this newly defined alteration target. It is important to remind shareholders that this zone is one of many porphyry targets and centres on the project.”
Great Panther Mining Limited announces that the British Columbia Securities Commission has issued a general “failure to file” cease trade order pursuant to National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions dated November 18, 2022 in respect of the securities of the Company.
Almadex Minerals Ltd. is pleased to announce that earlier this month it commenced drilling on two projects: Davis/Paradise in Nevada and San Pedro in Mexico.
James Anderson, Chairman and CEO of Guanajuato Silver said, “Because we pay back OCIM in fixed amounts of silver and gold based on spot prices set at the time of funding, we have regularly taken advantage of dips in the spot market to purchase bullion; having accumulated enough silver and gold to cover five delivery payments, we are making this early repayment to OCIM, and in return, OCIM is compensating us further by providing a discount on the total number of precious metal ounces owed.”
“Our safety record and ongoing environmental performance demonstrates the Company’s commitment to responsibly and positively impacting the communities where we operate,” stated Michael Konnert, President and CEO.
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